2013-01-29
2013-02-06
x pennsylvania

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English 108

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problem, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does

economy, and the influence of our diplomacy and the creative energy of our people remain unrivaled. no, it is because as the world has changed, so to have a level -- the levers of power that can most effectively shape international affairs. i have come to think about it like this. truman and acheson were killed in the parthenon with classical geometry and clear lines. tellers or a handful of big institutions and alliances dominated by major powers. that structure delivered unprecedented peace and prosperity. time takes its toll, even on the greatest edifice. we do need a new architecture for this new world. more frank gehry than formal greek. some of his work at first might appear have howser. in fact, it is highly intentional -- half hazard. in fact, it is highly intentional and sophisticated. today, we need a dynamic mix of materials and structures. american military and economic strength will remain the foundation of our global leadership. as we saw from the intervention to stop the massacre in libya to the rate at brought osama bin laden to justice, there will always be times when

a car that is safe while also trying to meet these fuel economy standards? any comments on that? >> yeah, i guess i will jump in. yeah, so safety is first party for all auto manufacturers. there is a tension between, particularly in terms of weight, adding weight to vehicles for various safety features, not only regulations demand but also the consumers want and demand. and the weight is a very important factor in trying to improve fuel economy of the vehicles. i think fundamentally from toyotas of you, you can do both. you can have efficiency, lower carbon and safe vehicles. i think the key is the pace at which these two issues are progressed, with respect to one another. so, you know, having a mid \50{l1}s{l0}\'50{l1}s{l0} fuel economy car in 2025 communism is there a long enough time to think that we can engineer vehicles, including the safety future that will be acquired in a way that these vehicles will be safe or for people to drive? i think it comes down to balancing sort of the timing with which we are doing these things. to make sure the fuel economy reductions if you'll don't g

of time will essential double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and perform the way that american consumers want to see. will really provide tremendous benefit. so it's a win for everyone and that i think is my basic message. if you look at on the climate change side, whether we're we ae talking about is over the course of 2012-2025, those vehicles are going to reduce their carbon pollution by 6 billion metric tons. we're talking about 12 billion barrels of oil saved. these are numbers that are not to be sneezed at, ladies and gentlemen. these are very large benefits to society. in terms of automakers can we saw the automakers standing up for the president. we saw them touting this initiative because they knew they could be producing cars that were more efficient and that consumers would want to purchase. and on the consumer side, perhaps consumers here are the biggest winners of all. they are going to get cars that again perfor

and cuts in defense spending. it did not announce any new action to stimulate the economy. wall street reacted by giving up some of its recent gains. the dow jones industrial average lost 44 points to close at 13,910. the nasdaq fell 11 points to close at 3,142. those are some of the day's major stories. now, back to jeff. >> brown: whither the economy? that's been the question for quite a while now. today, there was a surprising and perhaps confusing new twist. the commerce department reported that gross domestic product actually shrank in the last quarter of 2012. the drop was small, one tenth of a percent. but it was still the first time economic output had fallen in three and a half years. government spending dropped, most dramatically in the defense sector. the report, though, also contained some positive developments: consumer spending and business investment were both up. and yesterday, the so-called case-shiller index found that housing prices grew in 20 major cities by an average of 5.5% over the previous year. it was the biggest gain in six years. we talk it through, with joe

to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report

from how people personally did but how does it into the economy? guest: we are seeing an economy that is recovering slowly from the crisis and recession of 2008 and 2009. we can put a number of side for a minute because that is about investment income. even over the long time horizon, we are seeing incomes rise. people are earning more money. people are starting to put people back to work. certainly, this is not a happy days are here again and everything is fine. we are not healed but it is making progress in that direction. host: take a look at a lot of factors. it look at wages and income and rental income. you look at investment income as a whole. that paints a picture of where americans are financially. guest: that's right. you can't buy the things you need if you don't have income. for some, that is a paycheck from their job or from retirees, social security benefits. or for people who have invested a lot, it might be invested -- investment income dividends. wherever it comes from, that is the core of how you buy the things you need and want. host: our guests will take a loo

numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs

's economy. david cay johnston on today's troubling gdp report. >>> bobby jindal breaks his own rule. >> we've got to stop being the stupid party. >> find out how the poor in his state are about to start suffering on friday. >>> and brand-new polling proves again that we're living in a center-left country. tonight i'll tell you why it's up to one person to keep it that way. good to have you with us tonight, folks. thanks for watching. an emotional scene on capitol hill today. former congresswoman gabrielle giffords returned to congress for a senate hearing on gun violence. two years ago, giffords was shot in the head during a shooting spree that killed six people in tucson, arizona. the 71 words gifford spoke today did not come easy for her. but her message is one every american needs to hear. >> thank you for inviting me. here today. this is an important conversation for our children, for our communities, for democrats and republicans. speaking is difficult, but i need to say something important. violence is a big problem. too many children are dying. too many children. we must do somethin

. everything we do. there is nothing else that impact our economy so directly as energy. whether it is individuals that are struggling to fill up their gas tanks, pay their electric bills, whether it is business leaders making decisions on investments based on the cost of power server farms or smelters, we recognize lower cost is better and that's what everybody is seeking. there are those who would have you believe that the best way to reduce energy's direct cost is simply to raise the direct cost so that we discourage energy use. my friends, this is a self- defeating policy. lowering the direct cost of energy is key to helping the u.s. economy recover and prosper. absolutely keep. next is clean. as we attempt to minimize indirect costs by driving up these prices, i would suggest this is a policy that is doomed to economic and practical failure. instead, we have to be aware of the impacts of every type of energy and make rational, informed decisions on what is acceptable, what needs to be mitigated, how do we do just that? our challenge here is to reduce the cost of cleaner sour

to bring down the debt. not just as a share of economy, but overall. you're right. it doesn't bring down the debt. at all. mr. speaker, that's the conflict that we face here as a people, as a country, not as republicans, not as democrats, but as a people. on the one hand, what our politicians are saying is we're going to use the money to pay down our debt. but what the reality is is that proposers are coming out today that never, ever, ever pay down a penny of debt. now, mr. speaker, if you want to see that for yourself, you can look. the president's budget each year is posted online, on the o.m.b. website. the first one he submitted, i hold the cover page here, was called a new era of responsibility. it was the first budget that the president ever submitted. but as i go through that budget, mr. speaker, what i see is projects -- proximates for 2020, for 20 -- projections for 2020, for 2030, for 2040, for 260 and for 2080 -- 20 of 6 -- 2060 and for 2080. you hear that, you have children. 2020, 2030, 2040, 2060 and 2080. and in each one of those years, according to the president's budget,

be paid. when that goes into the family checkbook, it will go right in to the economy which we need right now. to buy shoes, to buy food, to do all the things that occur in the real economy. so we think it's great social policy, but we think it's an economic mandate. >> and senator boxer, that is a fact because with $10,000 less a year, then they earned with men, women could buy, if they had that money, 92 weeks of groceries or 13 months of rent or 39 months of family health insurance premium. i mean, we're talking food, housing, health care. this isn't just a little extra money. this is vital, especially for single moms. >> it is so critical. and it is, you know, what happens is we have a consumer-driven economy. about 70% of our economy depends on the consumer going out and spending. so when senator mikulski describes this, she's exactly right. an when you take it to a further level, it's critical. it's critical for the family. it's critical for retirement. it's critical for the economy. so all of this means we're going to have a real strong push. and i think this year, maybe we'll get

want the sequester actually to go forward which would put the breaks on the economy at least to an extent and drive more people back into bonds. >> reporter: others say any return to bonds may be short- lived, as the u.s. economy is showing new signs of strength. >> i think we expect more improvements, moderate improvements. but, you know overall that's usually a cause or thought that rates could go higher. and, in that regard it's probably not a market that will have the same sort of returns that we've seen over the past two years. >> reporter: so, it seems most agreehe bond market i unlikely to be a cash cow for investors going forward. at the same time, however, worries about a bond market bubble seem unfounded. suzanne pratt, "nightly business report." >> susie: immigration reform takes center stage this week. a group of senate democrats and republicans agreed today on what they called a framework for comprehensive immigration reform. tomorrow, president obama heads to las vegas to give a policy speech on immigration. with washington focused on immigration, citizenship fo

the american economy and strengthen american families. third, creating an effective employment verification system that will prevent identity theft and and the hiring of future unauthorized workers. leslie, an approved process for admitting future workers to serve the nation's workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe that this will be the year that congress finally gets this done. the politics on this issue have been turned upside down. for the first time ever, there has been more political risk in opposing immigration reform than supporting it. host: senator chuck schumer, outlining the details of the immigration reform agreement so far. here is the headline from "roll call," this morning. host: here to talk more about this story, the staff writer at "roll-call," humberto sanchez. have democrats been able to move the ball forward? caller: it appears so, but principle is a big step forward. senator schumer mentioned that. it has been tried for a couple of

economy moving again instead of what seemed to be endless partisan struggles over secondary issues? and what i wanted to speak to today was a bipartisan bill which i'm introducing which focuses on how to help create innovation focused jobs again in the united states. as you know all too well, madam president, our economic recovery has been slower than we would hope, although it's been steady, there are still far too many americans out of work. in my home state of delaware, more than 30,000. but we are building our way ba back. so the task before us is to think not just about an immediate economic crisis but to take a breath i think and instead focus strategically on the long-term fewer, to take -- long-term future, to take an account of what kind of economy we want to build for our children, for our grandchildren, for the america of today and tomorrow. the engine of our nation's greatest economic successes has always been innovation. from the light bulb to the search engine, american inventors and innovators, those who've taken risks and started companies, have created jobs by the

war and 20 century popular culture. >> next common discussion in the u.s. economy and why some american could be holding back from investing or to trust issues concerning the government and financial site there. or "washington journal," this is 15 minutes. >> host: this history and for what "the wall street journal," chief economic correspondent. welcome. you wrote a piece saying how the trust deficit is hurting the economy. what we're trying to do? >> guest: we usually talk about things but budget deficits and trade deficits with things we can measure. what i'm talking about is the breakdown of trust in american society. it would take her in institutions that make our economy go. when you look at measures of trust from surveys by gallup for the pew institute that americans have, it's a very important institution including the media newspaper, television, congress, banks, large corporations, public school, public union. if all been going down for many years and allowed them, declining interest intensified leading up to and going into the financial crisis and there's a lot of re

, is unconscionable. when we turn this economy around, and it will rebound, we need to end hunger now. we may not be able to wipe out all disease, we probably can't eliminate war, but we have the resources, we know what it takes. we need to muster the will to end hunger once and for all. hunger is a political condition. it's important to point out that even though 50 million people were food insecure, the vast majority had a safety net that prevented them from actually starving. that safety ned is called the supplement -- that safety net is called snap. snap is a program that provides low-income families with food they otherwise could not afford to buy. more than 75 million families relied on snap to provide food for their families. it is a lifeline for these 47 million people who struggle to make ends meet. i don't deny this is a big number, but it's a big number because it's a big problem. mr. speaker, america's hunger problem will be dramatically worse without snap. just imagine what this country would look like if we didn't have the safety net that snap provides for low-income families in

of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t

? >> guest: what i see is in an economy that isn't growing fast enough to produce many jobs. the unemployment rate was 7.8% in december, and, you know, it had looked like it was moving down and now we see that it pops up. and the reason for that is 157,000 jobs created in an economy with 140 million workers is not a lot. it's not enough to keep up with growth in the labor force, so, you know, this is a fundamental problem in our economy. you might argue the fundamental problem in our economy right now is that we're not growing fast enough to bring the unemployment rate down to levels that most americans would find acceptable. and we can have a loan discussion about -- long discussion about why we're not growing fast enough. you know, you could argue that the economy needs more investment, that the government should be providing more stimulus. you could argue the government is getting in the way. you can also argue that it's a res due of the financial crisis. >> host: the number of employed persons was -- little changed in january. the number of long-term unem employed unchanged to 4.7 million

, the budget was lower than when he came in. that is the story now. how did he do that? did the economy grow a lot? unemployment was below 5%. the budget was balanced because of his own parsimony. how did he manage to make the budget go lower? how did that help the economy? it was a lot, he got the government out of the way of the economy. >> the life of the 30th president of the united states, "coolidge," on sunday, 8:00, on q&a. >> "washington journal" continues. host: we are back with congressman mcdermott, the ranking democrat on the house subcommittee. let me read to you from "the national journal bailey," and what they had to say about sequestration -- national journal daily," and what they had to say about sequestration. host: true, accurate reporting? caller: -- guest: as far as what i can tell, that is exactly what is happening. unfortunately for the american people, the leadership on the republican side is still acting as though the election never occurred. they have got to except that the people have said that they once what obama is doing. they reelected him overwhelmingly. and t

. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke

economy, this congress said no, our motto would be in god we trust. and when i was a young boy, john kennedy facing the cuban missile crisis said this, the guiding principle of this country has always been, is today and will forever be in god we trust. mr. speaker, with that great history of faith, why is it that faith is under attack so much across this nation? well, mr. speaker, tune in, because in a few weeks, we will be back on this floor and we'll tell you who's doing it and why they are doing it and what we need to do to stop it. i thank you and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 3, 2013, the gentleman from new york, mr. jeverries is recognized for 60 -- mr. jeffries is recognized for 60 minutes as the designee of the minority leader. mr. jeffries: i ask for unanimous consent that the -- be entered into the record a letter from the distinguished gentlelady from texas, mrs. johnson. the speaker pro tempore: without objection. mr. jeffries: today we are here as members o

that governors and state legislatures and state lawmakers are focussing on things like this and not the economy and jobs, the worse off it is for them. >> you are starting to see, interestingly, a bit of a pullback by some of the republicans even on these democracy issues, even on voting. governor rick scott in florida who was behind the laws that made it impossible for that well known radical sect, the league of women voters of florida. >> voter registration. >> they are behind those laws which were blocked by the courts. now rick scott has come in and said, you know what, we need to expand early voting. we need to go a different way because he knows that the voters actually will vote based on this, and, you know, this is what i hope is a potential glimmer of possibility for something to move forward. president obama in his inaugural address and on election night said we need to do something about the way we run elections. >> indeed we do. >> that's a chance the country ought to try to take because not to rig the game, but to take kind of commonsense steps to modernize voter registration. >> g

joining the work force has not diminished men. it expands our economy and opportunity for all. the education of poor people in the inner-city does not take away from others, it expands our economy and makes us all do better. this is the ideal of our country. as the rabbi would tell me, the jewish saying, that jews together are strong, but jews with other people are invincible. he african saying that spiderwebs united can tie up a line. the very principle of this country, one of my advisers told me one of the fundamental principles of islam. the oneness of the community. we recognize dependency and see strength. that became the problem solving idea that i took on. i began looking at what other cities around america were doing. i came over to mayor bloomberg, who i called the obi-wan kenobi of mayors. all of us young padawans come to see what is going on over here. i could not wait to talk about climate change. the time is now. we just focus on cities where the carbon output is significant. if we do pragmatic things, we are going to make change. he started showing me programs he

of opportunity. now is the time to do this so we can strengthen our economy and strengthen our country's future. think about it. if we design ourselves as a nation of immigrants. that's who we are in our bones. the promise we see in those who come here from every corner of the globe that has always been one of our greatest strengths. it keeps our work force young. it keeps our country on the cutting edge and helped grow the biggest economic engifrn known. it helped grow businesses like google andrea hue. created entire new industries that in turn created new jobs and prosperity for our citizens. in recent years one in four high-tech startups in america were founded by immigrants. one in four small business owners 'n including here in nevada speaking up and want to share the opportunity with other americans. we all know that today we have an immigration system that is out of date and badly broken. it is growing our economy and strengthening our middle class. we have 11 million undocumented immigrants in america. 11 million men and women from all over the world who live their lives in the shadows

street comes amid disappointing economic news. the u.s. economy slowing signs of slowing down. the government says the economy sharply contracted in the fourth quarter of 2012 growing at only one tent of tenth. they say it is heading to greece on steroids. what is about this last quarter, steve, what caused the shrinkage. >> wall street is doing great, main street isn't doing so well. this new report suggests that this economy still has not really fully recovered from the financial crisis four years ago, in fact the thing that is really disturbing here, jon is the economy has been slowing down over the last six months or so. it's not gaining momentum as you would expect. and so the numbers are just very troubling. the biggest decline, by the way, was in defense spending. the private sector gdp was up a bit, not much about 1.5%. jon: a lot of people who constantly look to cut the defense budget, cut defense spending, chop out this program or that program, this is a cautionary tale. >> look i actually think cutting government spending is good for the economy because it frees up

to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready o with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >>> at the top of the show, we asked you the nonmusical question, why are you awake? i've got one right here somebody tweeted in. lori, very close watcher of the cut-aways on the program, she tweets,@steverattner working diligently on his charts. unfortun

and economy. on the right, it's now complete orthodoxy that do-gooder liberals, especially former representative barney frank, somehow caused the financial disaster by forcing helpless bankers to lend to those people." and they're all so threatening to filibuster the appointment of cordray. they just won't let this newbaunew bureau do its job. they don't want it around. >> this is one that we have to agree with krugman. he's right. the fact is that out of all -- without relitigating how we got into the financial crisis and all the rest of it, the fact is that a lot of bad stuff happened. they set up a consumer financial protection agency in order to protect consumers just the way we have various other agencies that protect consumers from other things. and it was passed in a law. and now the republicans are basically saying we're not going to confirm anybody. and i don't think that's sort of playing fair. >> i saw a piece the other day that talked about -- a conference i think that you were at in washington where bill kristol talked about you've got people looking back at how the r

. the economy is starting to improve. i want to see it improve even faster. and in a broader sense, so that those who are at the lower end of the economic scale, including african-americans, latino americans and others can start to come up. ultimately, those numbers that you just cited are going to be fixed by an improving economy and an economy that is spread out more. and more and more african-americans will benefit and latino americans if they also get the education needed for the more demanding jobs. >> bill: you seem to be voting again on hope in 12 because we haven't seen an economic improvement in this country very much. and, in addition, the big spending policies of the democratic party and the president have driven the debt as you know to close to $17 trillion and he is the biggest spending president in history. you said something very interesting. education. we spend more per capita on education than any other country in the world than switzerland. all right? it isn't the money. but the money continues to flow. it's the discipline. it's the descent congratulation of the famil

'll run for re-election. >> the economy added 150,000 new jobs last month according to the department of labor. it also released data that suggested hiring was stronger in the past two years than previously thought. employers added an average of 180,000 jobs per month in 2011 and 2012. that's up from previous estimates of 150,000 jobs a month. the unemployment rate did jump from 7.8% to 7.9%. >>> meantime, the auto industry showing off its latest innovations in our region right now. the 2013 washington auto show begins today. news4's megan mcgrath shows us they drive home the point that there's a lot to drive home. >> reporter: i wish i'd let me drive them, but it's been a fixture in this town for decades, it is always something new, this year is no different. more than 700 new vehicles from 14 manufacturers. it you're looking for luxury cars, this is interesting. if years past, if you wanted a luxury car, you had to traps around to the different manufacturers. we have the range rovers, behind us the bmws and the cadillacs right behind me now. automatic lot of people interested in the

. now is the time to do this so we can strengthen our economy and strengthen our country's future. think about it. we define ourselves as a nation of immigrants. that's who we are, in our bones. the promise we see in those who come here from every corner of the globe, that's always been one of our greatest strengths. it keeps our workforce young. it keeps our country on the cutting edge. and it helped build the greatest economic engine the world has ever known. after all, immigrants helped start businesses like google and yahoo. they created entire new industries that created new jobs and new prosperity for our citizens. in recent years, one in four high tech startups in america were founded by immigrants. one in four new small business owners were immigrants including right here in nevada. folks who came here seeking opportunity and now want to share that opportunity with other americans. but we all know that today we have an immigration system that is out of date, and badly broken. a system that is holding us back instead of helping us grow our economy and strengthen our middle class.

of the entire economy should be put in jeopardy just because folks in washington couldn't come together. >> the president says the delay will give congress more time to work out a longer-term deal. >> the sequester is $500 billion in automatic spending cuts over the next 10 years. they have already put it off by two months with the rhythmic -- with a mix of revenues and spending cuts. >> republicans a more tax revenue as out question. house speaker john boehner says americans don't support sacrificing real spending cuts or tax hikes. economists say the steep cuts in defense programs could derail the fragile economy. congress has less than four weeks to figure something out. >> 40 degrees in downtown baltimore. that's close to normal for this time of year. some of the outlying suburbs are couple of degrees cooler. 38 degrees at columbia. on the eastern shore, temperatures mostly in the upper 30s to nearly 40 degrees. the flurries and snow showers are falling into surface temperatures are above freezing. any slick spot that tries to develop oil last too long. the flurry and snow showers l

jones starting next month above the 14,000 mark the presidents said our economy is poised to expand. >> 2013 can be a year of solid growth, more jobs and higher wages but that will only happen if we put a stop toself inflicted wounds in washington. >> and this morning the president once again called on congress to work together on a balanced approach to reduce the deficit and promote economic growth. he said businesses created 2.2 million jobs last year. he suggests economic reforms including reducing the cost of health care programs like medicare and closing loopholes in the tax code. >>> this is the first time in five-year that the dow closed above 14,000. it had dropped as low as 6600 in 2009, increased consumer confidence, manufacturing and auto sales are credited for the surge. >> we are moving in the right direction compared to a lot of other countries we are in a good position. >> the economy has improved. you can put the money in the bank but you earn no interest. >> economists say many prefer american investments because the european markets struggling and many conside

the economy shrank at the end of last year. also the fed said that economic growth has stalled. but stocks largely shrugged off that news closing down -- you back with us here? i'll keep going. the dow and s&p 500 are nearing all-time highs. so, the question, christine romans, is why? why are we at near all-time highs? >> almost the better answer is why not. europe has not fallen apart. the fed is still pumping this money into the system. jobs are slowly growing in the country. so you have stocks here at these near record highs, not there yet, but near record highs. everyone is saying why are they doing so well? the biggest single reason is the fed. yesterday the federal reserve chief said they would continue to do that. basically for the foreseeable future. that's why the markets have been doing well. plus people are coming into the market now. it's a 5-year-old bull market, so it's a bull long in the tooth, but bull markets can still run. people are coming in, that new money is moving things higher. one thing that didn't go higher is the new company called blackberry. used to be called r

on this. it's the families. it's the earned citizenship, and as you pointed out, about the economy, 30% of u.s. nobel prize winners were foreign born. they invented things. they make stuff. they invent things, and that's how we produce jobs in this country. there is no reason why we would have no cap for sports stars and we love our sports stars in minnesota, and many of them come from other countries, so we have no cap on that, but we have fairly severe caps on scientists, engineers, and inventors, and that's what we're trying to change. >> senator, before i let you go, i'm heading from here to the state department where i'm going to be interviewing hillary clinton, and there is so much talk among democrats whom i have been seeing the last couple of days about hillary clinton in 2016. only today a man in nigeria, a woman in germany at a town hall meeting, a globle town hall live asked her about her intentions. is she -- if she chooses to run, is she the prohibitive frontrunner, or is joe biden as the vice president, the presumptive heir to president obama in the democratic party? >> w

to advance pro-growth reforms good for the economy. there are immigration things that are good for the economy. >> immigration was the first policy he talked about when he talked about pro-growth reforms. some workers, who are typically recovering, the best way to help them is with better training, better generous income tax credit, that is easier to provide in a growing economy with younger workers than in a sluggish one with budget deficits. immigration is not what hurts them, and it is not standing in the way of aiding them. in 2007, the congressional budget office found that legalizing undocumented immigrants would increase revenue by $48 billion, while costing only $3 billion increased public services. and that is before you get into the broader economic benefits. there are very few free lunches in public policy. usually it is a realm of hard choices, but taking advantage of our unique position as the country with the world's best and brightest, desperately a way to go? that is surely correct. >>> the pain of mccain. let's play "hardball." ♪ >>> i'm chris matthews in was

need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> before i get too far into this next story, i want to show you this. ♪ >> that is arkansas state senator jason rappert, a tea party republican elected in the great tea party wave of 2010. and he apparently can play the living daylights out of a fiddle. wow. also, he gets stuff done in arkansas. last night on the show we reported about a new bill passed yesterday by the arkansas senate that would effectively ban abortion in the state. the bill was sponsored by jason rappert, the fiddler there. a legislator pointed out to him if his bill becomes law, doctors would need to do an internal vaginal ultrasound in order to determine which very few arkansas women would be eligible for their con

for them: a terrible economy, an unpopular incumbent, and a positive message for the american voter: less than half of you are parasites. [ laughter ] and still -- still we lost. [ laughter ] and with america's changing demographics, it only looks bleaker for republicans in the future, unless science can find a way for latino women to give birth to old white men. [ laughter ] where is the funding, koch brothers?! get on it! 'cause it's bad. it's bad, folks. in 2012 the gop lost the presidency, lost the senate, and lost the vote count in the house of representatives by a combined 1.1 million votes. republicans haven't gotten an ass-paddling like that since dc shut down madame kink's rump dungeon. [ laughter ] if it's wednesday, ask for the trickle-down. [ laughter ] and it's getting so bad, that to win the presidency next time, republicans might have to change their messaging or their policies or the constituencies they serve. thankfully, there's a better answer and that brings us to tonight's word. [cheers and applause] win, lose, or redraw. now, conservatives, don't weld your bunker door

and energy efficiency investments. it's a chance for forward progress on in building our economy and moving ahead from the 21st century. so we anticipate that we'll continue to see calls for expanded investments in energy. and energy efficiency is where we've seen bipartisan support and we're hopeful for progress. there are areas outside of that there might be progress. one sear reforming our nation's chemical laws that govern chemicals used in our workplaces. with that i'll close and look forward to my other panelist's remarks. >> i know that we have some new faces in the crowd who weren't here before. if you have a device my advice is to silence it. >> so the first time i realized that something was changing in america was in september 2009 at the taxpayer march in washington. i came down to check that out and i found hundreds of thousands of people there and many were holding this nerdy libertarian science. how did an obscure economist it on a protest sign outside of the capital? that is something i had never seen before in politics. there have been two elections since then -- 2010 and 2

into the context of the wall street journal report, and there was a softening of the economy, and there's a lot of talk about d.c. being recession proof, but in the context of who administered the funds congress has to approve what the district does, and congress puts restrictions on they have to pay the money back in two years and it's like a savings account and not an account where you spend a lot of money. and the mayor was told he would spend the money on homeless services and support for affordable houses. >> and i believe the mayor supports pay raises for city workers. and one of the keys of what to do with the money is gandy. >> it seems like mayor gray is going along with him because you don't know what is happening in the next three to four years that will affect the city. you talked about congress having its eye on the district of columbia and you talk about the services again and affordable housing. this is a big, big ghost over washington. because there is no affordable housing right now and something is going to have to be done about that. >> lots of places to spend the money and t

industrial average hit a speed bump on its way to 14,000. stocks fell after the government said the economy unexpectedly shrank in october by a tenth of a percent. checking the numbers for you, the dow stands at 13,910. dropped 44 points in trading yesterday. nasdaq was off by 11 and the s&p 500 lost almost six points. >>> last year more than 240,000 people used the port of baltimore to set sail on a cruise. in all 100 cruises left the port in 2012. cruise ships began making year round stops at the port in 2009 and since then, maryland has raked in about $90 million off of these cruises. roughly 220 local jobs are directly connected to the cruise industry. carnival cruise lines and royal caribbean use the port year round. >>> meantime a groundbreaking ceremony was held yesterday on the site of a new wal-mart in northeast washington. the mixed use project is called fort totten square and will be located near the fort totten metro station. it includes 435 apartments, shopping and restaurant space all anchored by wal-mart. the project is expected to be finished by 2014. that's going to be a bi

of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. duvall patrick has named a place holder to fill the senate seat of john terry. he'd be the second african-american in the senate. tim scott of south carolina, another appointee is the other. it's the first time in history that two african-americans have served in the senate at the same time. in selecting cowan, governor patrick passed over former congressman barney frank who openly lobbied for the job. cowan will serve until april 30th when massachusetts voters will choose someone to fill out the remainder of kerry's term. we'll be right back. 'cause all our states are great. and now i

.8 for a third straight month. they believe the economy added about 155,000 jobs last month. it's averaged about 150,000 jobs a month for two years. >>> 6:04 right now. the obama administration is ready to take a more active role in the crisis in syria. vice president swroe biden will meet with the head of the syrian opposition. they'll meet tomorrow in munich at a security conference being held there. this will be the first time that a high-level u.s. meeting has happened since it started the uprising two years ago. more than 60,000 people have been killed in that war. >>> the senate will vote next week on whether to confirm chuck hagel as defense secretary. political analysts expect him to win approval despite a brewing confirmation hearing yesterday. he was grilled on his stance on iran and israel. if confirmed, he'll succeed leon panetta. >>> we'll find out if a mistrial will be declared in the case of a former culpeper police officer. two dictionaries and a thesaurus were found in the swrir room after the verdict was handed down on tuesday. jury members apparently looked up the definition o

now on this sunday morning. coming up, president barack obama blaming the ailing economy on bad decisions, he says in washington. but what about him? should the president continue to pass the blame or accept responsibility. a fair and balanced debate next. >> plus, who said cats don't like water? you, i thought. >> i did. >> this is a weird picture. >> what is going on here? this feline is making a big splash to shed some pounds. is he a little overweight so swimming to take it off. >> a live look from new orleans this morning. >> it's beautiful. back there in a few minutes. teaming with excitement. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur and don't get heartburn in the first place! music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happ

and what it means for the u.s. economy. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. pillsbury grands biscuits. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in a

. as the economy recovers, the congestion and all those things are going to come back as well. here are the numbers. 67 hours, more than a week's vacation, that's what dc area drivers lost sitting in traffic. the cost calculated $1,398 per commuter. 4th year in the rho-d c has claimed top congestion. just in front of los angeles, san francisco, new york and boston. all of those a couple hours difference per year. congested 85% of the time. also this year the transportation institute added how much you need to pad your commute if you have to be somewhere on time all the time hchlt and they say in congested area like this we rank number one seems like our traffic tie ups seem to be really bad. rely ability is so bad, they are saying three hours is what somebody would have to give themselves. i think perhaps maybe we call the boss and tell him we're going to be late. >> i think that's a good idea. >> at least sometimes. >> still ahead at 7:00, cyber security. we haven't talked about this in a while. it's wearing its hat again in light of recent high profile technology attacks. sit down with a local it

that the economy is faltering. everybody is ready for the super bowl. we are all americans. ready for chicken wings. >> send us food items that you will be buying for super bowl party. send them to friends friends@foxnews.com. if you have a photo send them as well. friendsfriends@foxnews.com. >> i work monday through friday in the great city of philadelphia. we are gearing up for a lot of former nfl players to come there that's where the big lawsuit, a trial is going to be. if the judge allows it to go through, it is going to make a decision in april. all these players saying they have head injuries the nfl should have warned them about. this brian kilmeade is on that topic. a lot of parents are concerned about their kids. should we allow them to play football, et cetera. brian? >> hey, mike, not only parents concerned about their kids, current players are concerned about their future its specially in light of junior is a. he wanted to preserve his brain for people toll study. dave deurson. long time chicago bear, a new york giant. a lot of people concerned. a guy who handles insurance for a lot of

to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put this in context and think about what congressman ryan from wisconsin is really saying. republicans backed off their debt limit threat because they knew it was a political loser. and now they seem to be backing off their threat to shut down the government. sequester? well, that's another matter. if congress does nothing, the cuts take effect. republicans don't want defense cuts, but they might be willing to stomach those cuts because domestic programs would also get slashed, including medicare. and that's what republicans really want. let's turn to barney frank, former massachusetts congressman, with us tonight here on "the ed show." congressman, good to have you with us. >> thank you, ed. >> you bet. republicans are trying to change their image here. is it going to work? your thoughts on what you just heard. >> no, because they're not going to be allowed simply to do the thing paul ryan did. he talked about entitlement. people should understand when he talks about cutting entitl

economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> i knew there was something really special about this place and that having the honor to lead the state department and usaid would be unique and singular, exciting, and challenging. it has been all of those things and so much more. >> welcome back to "hardball." that was, of course, secretary of state hillary clinton saying good-bye today to the men and women of the state department. now, let the campaign begin. she may not want -- may want some r and r for the short run but already the world of democratic operatives and donors is itching for the big drive in 2016. take a look at the tablet version of "newsweek" this week. there it is, it's most powerful women in history. i think there's an overstatement. nobody wants to be late to this party. wouldn't cleopatra have been pretty power pfl. with me is ed rend

," the place for politics. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. full of beautiful highlights and lowlights. that's why nice'n easy builds dimension into every shade. so here's a challenge: love the gorgeous dimension of nice'n easy or we'll pay for a salon color. take the s

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